Bruce Harding
How Does Owner Carry Work ?
I found a property I am looking at. $1.5MM25% Down would be $375KIt was suggested to me to speak with the owners (who I know - they are personal friends) about Owner Carry for $250K.Does this mean A) The $250K is su...
Chatree C.
Setting up Solo 401K Plan as an employee
I have a side online business, self-employed, and my CPA suggested that I should open solo 401k with that business and move my SDIRA funds into this Solo K account since it's got better tax treatment around UBIT.I con...
Will Foster
How can I access money tied up in IRA's and other funds?
Hello all. Next year I want to begin the process of buying my first multifamily unit, which I want to live in one unit. But all my money is in IRA's and other money funds, and I think I'm going to need to tap into tho...
Kent Slawson
How to best utilize 150k cash to transition into new career?
Hello everyone, thank you for taking the time to provide some mentorship. I'm 29 years old and and have been working long hours in an industry I do not enjoy for about 5 years. The upside to this time has been my a ab...
Claudio Golia
Financial circumstances and a plan to get started.
Good afternoon.I wanted to share my current financial situation, and see if some of my conclusions make sense to those who might have walked in my shoes. I currently own a home that I have little equity in, bought in ...
Richard Olshove
Best Self directed "checkbook" LLC IRA Provider?
All I am in CA and am looking for a self directed checkbook LLC IRA provider for properties I plan to own out of state. Does anyone have any recommendations, good experiences with any firms? Preferably with low setu...
Alexander F Pollock
Should I buy the building for my business even if it breaks even as a rental?
Hi,I have the opportunity to purchase the building where I run my music studio. Off the market, the owner is in a 1031 exchange. He's open to selling it to me. He's currently looking for another property to roll over ...
Chris Allen
UTMA vs 529 vs ?
Hi all, I wanted to get some specific advice as I am planning for my sons (and future children's) future, and am trying to decide on what type of account to open for my son to start investing
I originally was drawn t...
Larry W mullen
Decisions on whether to cash out my 401K and move to real assets
I am at the point where I can take distribution from my 401K, and would like to move from paper assets to real assets. Does anyone have any ideas on if this is a good idea, and are there any tax strategies I can empl...
Aaron Murphy
Schedule E tax question
I am looking for some help to clarify the way that income reported on my taxes will affect my debt to income ratio? It is my goal to minimize my income as much as possible using legitimate expenses and depreciation e...